Needham & Company Maintains a 'Buy' on Vertex (VRTX); Adjusting Q2 Lower, But Positive on Cash Flow
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Price: $78.48 +0.06%
Rating Summary:
17 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
17 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade VRTX Now!
Needham & Company maintains a 'Buy' on Vertex (NASDAQ: VRTX).
Analyst, Alan Carr, said, "Our 2Q12 Kalydeco and Incivek U.S. sales estimates are $50M (unchanged) and $344M (was $367M), reflecting updated IMS data. The company reported Kalydeco and Incivek sales of $18.0M and 357.0M in 1Q12. Our 2Q12 GAAP EPS estimate is $0.59 (was $0.71)...We believe the stock is attractive given cash flow from Incivek and underappreciated potential for Kalydeco/VX-809 in the F508del patient population."
For an analyst ratings summary and ratings history on Vertex click here. For more ratings news on Vertex click here.
Shares of Vertex closed at $52.71 yesterday, with a 52 week range of $26.50-$66.10.
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Analyst, Alan Carr, said, "Our 2Q12 Kalydeco and Incivek U.S. sales estimates are $50M (unchanged) and $344M (was $367M), reflecting updated IMS data. The company reported Kalydeco and Incivek sales of $18.0M and 357.0M in 1Q12. Our 2Q12 GAAP EPS estimate is $0.59 (was $0.71)...We believe the stock is attractive given cash flow from Incivek and underappreciated potential for Kalydeco/VX-809 in the F508del patient population."
For an analyst ratings summary and ratings history on Vertex click here. For more ratings news on Vertex click here.
Shares of Vertex closed at $52.71 yesterday, with a 52 week range of $26.50-$66.10.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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